Private MBA Colleges in Mumbai

Top 5 Private MBA colleges in Mumbai - Mumbai is the capital of business and finance in India is also one of the most sought-after MBA locations in the nation. In fact, Mumbai is one of India's most sought-after MBA destinations. MBA schools located in Mumbai provide top-quality MBA education that is highly rated and has high places.
Private MBA Colleges in Mumbai

Private MBA Colleges in Mumbai

Top 5 Private MBA colleges in Mumbai – Mumbai is the capital of business and finance in India is also one of the most sought-after MBA locations in the nation. In fact, Mumbai is one of India’s most sought-after MBA destinations. MBA schools located in Mumbai provide top-quality MBA education that is highly rated and has high places. 

It is also a center of learning in technology, management, and other related sectors. Master of Business Administration or MBA is among the most sought-after postgraduate programs in Mumbai. This two-year course can lead to numerous career opportunities within the corporate world.

Based on reputed Rankings, the top 5 MBA colleges in Mumbai are JBIMS Mumbai; SPJIMR Mumbai; NMIMS Mumbai; K J Somaiya Mumbai, and NITIE Mumbai. 

If we extend this list, then we will find that SJMSOM IIT Mumbai, Welingkar, Mumbai, SIMSREE Mumbai, SIES Mumbai, IESMCRC Mumbai, and Kohinoor Business School are also top-ranked MBA schools located in Mumbai. These management schools make Mumbai an ideal MBA destination. A successful MBA professional should possess skills such as excellent leadership, communication managing, problem-solving, analytical thinking, research-oriented with a keen eye for detail, focus-oriented and ability to be under pressure, solid mathematical abilities, etc.

People also ask – 

Q. What is the most reputable MBA school in India with low costs?

Ans. The government of India FMS, Delhi University is the highest-ranked MBA institute , with a modest cost of INR 20,960 per semester. The cost of all the federal MBA institutes are much lower than those of private institutions.

Q. What is the reason IIM MBA fees high even when it’s not a private school?

Ans. IIM MBA costs are high due to the fact that it is an independent institution that is supported by government i.e. even though the government provides financial aid, it does not have no control over the decision-making processes.

Q. MDo MBA schools offer financial aid to students with a poor backgrounds?

Ans. Most MBA institutions provide scholarships for students with a low financial backgrounds. These awards are determined by merit and class.

Q. Which banks offer a student loans for MBA?

Ans. All banks that are nationalized in India including SBI, Canara Bank, PNB, Central Bank of India, Punjab & Sind Bank, Dena Bank, Union Bank of India, Bank of Baroda, ICICI, HDFC, AXIS, etc.

There are several B-Schools that provide MBA/PDGM courses in India. A majority of the renounced colleges are found in the capital city of Maharashtra. Known for their excellence in producing future leaders of the world, here is a list of the top 5 private MBA colleges in Mumbai.

Top Private MBA Colleges in Mumbai

  1. SP Jain Institute of Management and Research

  2. Welingkar Institute of Management and Research

  3. NARSEE Institute of Management Studies (NMIMS)

  4. KJ Somaiya Institute of Management (KJSIM)

  5. Institute of Technology And Management Business School(ITM)  

SP Jain Institute of Management and Research, Mumbai

SPJIMR, or S P Jain Institute of Management and Research, is a private post-graduate institution accredited by the Association to Advance Collegiate Schools of Business (AACSB). SPJIMR’s PGDM Programme has received a ‘A’ from the National Board of Accreditation (NBA). The All India Council for Technical Education has also approved it (AICTE). It is placed third in the Financial Times Masters in Management Rankings 2020, eighth in The Week’s Best Colleges in Mumbai, and sixth in Business World’s Top Colleges in Mumbai.

Below are the highlights of S P Jain Institute of Management and Research, Mumbai

Full formSahu Shreyans Prasad Jain Institute of Management and Research
LocationDadabhai Road, Andheri (W), Mumbai
Establishment Year1981
Student Intake276 (PGDM)
Academic Staff44+
Number of Courses10+
Qualifying ExamsCAT/XAT/GMAT
Expected Cutoff85 %ile
Fee17.88 Lakhs
Application FeeINR 1500
Scholarships offeredMerit and Need-Based
Highest placement53.16 lakhs
Average placement26.36 lakhs (domestic)
Top RecruitersAmazon, Goldman Sachs, BCG, Mahindra, EY
International Collaborations5+ International collaborations
Official websitewww.spjimr.org
E- Mail Idreception@spjimr.org

Welingkar Institute of Management and Research

Welingkar School (WE School) is a private business institution in Mumbai that was founded in 1977 and is widely considered as the top private B-School in West India. Welingkar is accredited by the National Board of Accreditation (NBA), the Association of Indian Universities (AIU), and the All India Council for Technical Education (AICTE). Outlook Magazine ranked first in Mumbai for Business School Ranking 2022 and top Private Affiliated Colleges.

Below are the highlights Welingkar Institute of Management Development and Research:

Full NameL.N Welingkar Institute of Management Development and Research
LocationLakshmi Napoo Road, Near Matunga (Central Rly.) Matunga West, Mumbai
Establishment Year1977
Total seats620 (PGDM)
Academic Staff60+
Number of Courses6+
Qualifying ExamsCAT/GMAT/XAT/MAT/CMAT/MAH-CET
Expected Cutoff80-85
Last date to apply for PGDM 202226 Jan ’22
PGDM GDPI shortlist1 Mar ’22 – 31 Mar ’22
Pre-Interview Questionnaire (Online PIQ testLast week of March
Final Merit ResultMay- June 2022
Commencement of classes15-Jul-2022
Type of ScholarshipsMerit and Need Based
Placement percentage100%
Median packageINR 8.75 LPA
Highest packageINR 19.73 LPA
Average packageINR 12.00 LPA
Official websitehttp://www.welingkar.org/
Email Idpgapp@welingkarmail.org

NARSEE Institute of Management Studies (NMIMS)

Narsee Monjee Institute of Management Studies (NMIMS), founded in 1981, is an institute with category I universal status in India. The Ministry of Education granted this status (MHRD). 

This Institute is accredited by the NAAC (A+) and the University Grants Commission (UGC). Outlook ranks NMIMS Mumbai fourth in the private MBA category while NIRF ranks it 22nd in the MBA category.

Below are the highlights of Narsee Monjee Institute of Management Studies (NMIMS)

Full NameNarsee Monjee Institute of Management Studies (NMIMS)
LocationV. L, Pherozeshah Mehta Rd, Vile Parle West, Mumbai, Maharashtra 400056
Establishment Year1981
Total seats17000+ (All), 850 (MBA)
Academic Staff750+
Number of Courses200+
Qualifying ExamsCAT/NMAT/CMAT/NMIMS-CET
Expected Cutoff90-95
Commencement of ExamApril- May (Tentative)
Fee12.04 Lakhs- 24.04 lakhs
Application FeeINR 2600
Type of ScholarshipsMerit and Need Based
Placement percentage100%
Median packageINR 25.75 LPA
Highest packageINR 57.65 LPA
Average packageINR 23.07 LPA
Top RecruitersGoogle, Delloitte, EY, Capgemini, JP Morgan
International Collaborations20+ International Collaborations
Official websitehttps://nmims.edu/
Email Idenquiry@nmims.edu

KJ Somaiya Institute of Management (KJSIM)

K J Somaiya Institute of Management is the constituent B-school of Somaiya Vidyavihar University.   K J Somaiya Institute of Management in Mumbai was founded in 1981 and is AICTE and NBA certified. In 2020, Business World Rankings ranks this School 19th, while NIRF ranks it 56th.

Below are the highlights of K J Somaiya Institute of Management

Full NameK J Somaiya Institute of Management
LocationVidyanagar, Vidya Vihar East, Vidyavihar, Mumbai, Maharashtra 400077
Establishment Year1981
Total seats600 (MBA)
Academic Staff35+
Number of Courses10+
Qualifying ExamsCAT/NMAT/CMAT/XAT/GMAT
Expected Cutoff80-85 %ile
Fee18.79 lakhs
Application FeeINR 3000
Type of ScholarshipsMerit and Need Based
Placement percentage100%
Median packageINR 12.75 LPA
Highest packageINR 26.50 LPA
Average packageINR 13.07 LPA
Top RecruitersAccenture, Mercedes Benz, EY, Unilever, Aditya Capital
International Collaborations6+ International Collaborations
Official websitehttps://simsr.somaiya.edu/en
Email Idadmissions@somaiya.edu

Institute for Technology and Management (ITM)

Since 1991, the Institute for Technology and Management (ITM) in Mumbai has provided superior education as part of the ITM group of colleges. The Institute for Technology and Management (ITM), Mumbai, is placed 10th in the Outlooks annual Ranking of India’s Top Private B-Schools in the Private MBA category. 

It is well-known for its i-connect programs in many disciplines. ITM Mumbai is NBA-accredited and recognized by the UGC, AICTE, and AIU.

Below are the highlights of Institute for Technology and Management (ITM), Mumbai

Full NameInstitute for Technology and Management (ITM)
LocationPlot 25 & 26 Institutional Area, Sector 4, Kharghar, Mumbai, Maharashtra 410210
Establishment Year1991
Total seats15000+ (All)
Academic Staff650+
Number of Specializations10
Qualifying ExamsCAT/NMAT/CMAT/MAH-CET/MAT/GMAT
Expected Cutoff70-75
Commencement of ExamApril- May (Tentative)
Fee10.45 Lakhs
Application FeeINR 1500
Type of Scholarships27 Merit and Need Based
Placement percentage100%
Median packageINR 8.75 LPA
Highest packageINR 22.00 LPA
Average packageINR 8.50 LPA
Top RecruitersDeloitte, PWC, SBI, KPMG, and E&Y
International Collaborations5+ International Collaborations
Official websitehttps://www.itm.edu/
Email Idpgdm.admissions@itm.edu

MBA Colleges in Mumbai without Entrance Exam

MBA colleges in Mumbai without entrance exam – College graduates are eager to gain admission to the MBA course due to the lucrative job prospects it provides. About 6,00,00 students are taking the best MBA programs in India Admissions to the MBA courses are made through a strict procedure.

Admission to MBA straight without an entrance exam is an excellent option for candidates who wish to pursue a career in the field and would prefer not to take part in MBA examination preparation.

There are 651 private and 3861 public MBA schools in India and admissions into which the majority of applicants pass entrance tests like tests like CAT, MAT, and XAT. But, some colleges offer admissions directly to MBA admittance with no entrance test.

Students who don’t choose to take entrance exams like CAT or OPENMAT, etc.can take up careers in management at private institutions.

Top MBA Colleges Offering Direct MBA Admission Without Entrance Exams

To help MBA aspirants to locate and choose the MBA college offering direct MBA admission without entrance exam, a list of such institutes/universities with the fee is given below

MBA CollegeFees
School of Inspired Leadership – SOIL, GurgaonINR 12,50,000-16,50,000
Regenesys Institute of Management MumbaiINR 16,00,000
Amity Global B-school School (Amity University) in Delhi NCR, Bangalore, Pune, Mumbai and many other locationsINR 3,75,000-7,00,000
CII School of Logistics, Amity University, NoidaINR 8,61,000
Birla Global University, BhubaneswarINR 7,50,000
UPES School of Business, UPES University, DehradunINR 13,34,000
O P Jindal Global UniversityINR 11,00,000
School of Management and Entrepreneurship, Shiv Nadar University, Greater NoidaINR 10,000,00
GIBS BangaloreINR 5,50,000
IIBS BangaloreINR 7,00,000
Mody University School of BusinessINR 6,00,000-9,00,000

Eligibility to Direct MBA Admission in Mumbai  – MBA colleges in Navi Mumbai: Top MBA colleges in Mumbai shortlist and offer admission to their flagship MBA/PGDM programmes on the basis of the Entrance exams. As discussed in the article we have also covered details about the MBA fees in mumbai

Admission tests may not be included in a college’s admission requirements for admission to MBA courses, but applicants must meet the minimum requirements for eligibility to apply for admission to an MBA or PGDM course. If a student doesn’t meet the eligibility criteria then they won’t be eligible to apply for admission at the MBA institution in Mumbai or elsewhere in the nation. 

The criteria for eligibility are as the following:

  • The candidate must be a graduate in the undergraduate program with a degree at least 3-4 years.
  • Students who are in their final year of school are qualified.
  • A minimum of 50% marks for the UG course is required.
  • The applicant should have is an Indian Resident.
  • All academic papers must be valid.
  • The candidate must not be an active employee of the government.

Documents required to be submitted for Direct MBA Admission in Mumbai

Certain documents must be provided to candidates prior to the process of applying for direct admission to any MBA college starts. These documents are required for validation and verification of the candidate’s credentials and personal details. The required documents for direct admission into MBA institutions for admission to MBA colleges in Mumbai are:

  • Undergraduate Course Marksheets/Provisional Certificates
  • The Class 10, Class 12, and 12 marksheets as well as Certificates
  • Identity Proof – Passport Pan Card, Aadhar Card, etc.
  • Recent Photo
  • Transfer Certificate (if required)
  • Certificate of Migration Certificate (if required)
  • Gap Year Certificate (if applicable)
  • Category Certificate (if relevant)

Top MBA Colleges in Mumbai with low fees

Top MBA colleges with low fees structure – The best MBA colleges with low fees, such as IIMs, XLRI, MDI, and SPJIMR, have fee structures ranging from Rs.17 lakhs to Rs.24 lakhs.

Lowest MBA Fees in India List-

Top MBA college with Low FeesProgramme Fee
Faculty of Management Studies (FMS) Delhi – University of DelhiRs. 1,94,000
Delhi School of Economics, Delhi UniversityRs. 32,000
GGSIPU, DelhiRs. 59,000
PUMBA, PuneRs. 1,34,000

Faculty of Management Studies is one of the top-ranking management institutes in India which offer MBA courses at the cheapest prices known to be one of the best mba colleges in india with low fees.

Top MBA colleges with low fees is between Rs. 50,000 and Rs. 10 Lakhs for a two-year full-time residential MBA or PGDM program. The best MBA colleges with low fees, such as IIMs, XLRI, MDI, and SPJIMR, have fee structures ranging from Rs.17 lakhs to Rs.24 lakhs. 

Top MBA colleges with low fees in India that offer low-cost MBAs are affiliated with or management departments of Delhi University, Mumbai University, GGSIPU University Delhi, Bangalore University, Pune University, and Panjab University, among others. To gain admission to a top MBA college with low tuition, you must perform well on an entrance exam such as the CAT/XAT/CMAT/MAH CET and have excellent academics/work experience.

Top MBA colleges in India with Low Fee offer high RoI MBA programmes. These Top B-schools in India offering affordable MBA include 

Top MBA colleges with low fees structure (Rupees)

  1. SRM University Chennai: 5,00,000
  2. K R Mangalam University Delhi: 2,60,000
  3. Pune Business School: 5,50,000

According to the NIRF rankings and other B-School surveys, top MBA colleges in India include IIM Ahmedabad, IIM Calcutta, XLRI Jamshedpur, IIM LucknowIIM Indore, and others. The best MBA colleges in India provide Regular MBA, Online MBA, and Distance MBA programs. There are 4736 top MBA colleges in India, with 710 being government and 3969 being best private MBA colleges in India.

To get admission in a top MBA college with low fees, you should score high in the entrance exam like CAT/XAT/CMAT/MAH CET and have excellent academics/work experience. This article from MBAUniverse.com presents the best MBA colleges with low fee in India, and will guide you in taking the right MBA admission decision. Minimum fees for mba is from Rs. 50,000 to Rs. 10 Lakhs for 2 year full time residential MBA or PGDM programme. 

Those who want to pursue an MBA should first make a list of colleges that they want to attend. They must make a decision based on their specification and budget rather than being carried away by the flow. Below is a list of Top MBA colleges with low fees structure, as well as the courses they offer.

B-schoolCourse Name*Fees
International School of Management and Research- ISMRMBAINR 3.44 L - 6.5 L
SIMSREE, MumbaiPost Graduate Diploma in Business ManagementINR 69,000
CU - Chandigarh UniversityMBA Tourism and Hospitality ManagementINR 57.8 K - 6.04 L
Indira Institute of Management - IIMPMBAINR 4.4 L - 8 L
ASM’s Institute of Business Management and Research-IBMRMBAINR 3 L - 6.5 L
Amity UniversityMBA in Agriculture and Food BusinessINR 4.86 L - 20.16 L
Ambedkar UniversityMBAINR 3 L
AIMS Institute of Management StudiesMBAINR 3.95 L - 5.9 L
MIT Pune - MIT World Peace UniversityMBAINR 3.5 L
DBS - Doon Business SchoolMBA International BusinessINR 5.15 L - 9.79 L
Gems B School, BangaloreCorporate MBAINR 4.8 L - 9.2 L
Galgotias University - GUMBA Healthcare and Hospital ManagementINR 1.9 L - 4.85 L
BK school of Business ManagementMBA in Maritime ManagementINR 13,000 - 2 L
Maharishi Dayanand University (MDU)Master of Hotel Management and Catering TechnologyINR 36.5 K - 5.25 L

Top 10 MBA Colleges in Mumbai

Tabulated below is the list of top MBA colleges in Mumbai along with their fees structure.

College NameAverage Fees(INR)
SPJIMR, Mumbai17,50,000
NMIMS, Mumbai19,76,000
NITIE Mumbai12,53,000
JBIMS Mumbai6,00,000
K J Somaiya Institute of Management, Mumbai14,94,000
SIES, Mumbai7,20,000
SIMSREE, Mumbai1,46,000
IESMCRC, Mumbai6,00,000
Chetana’s Institute of Management and Research6,60,000
SDA Bocconi Asia Center, Mumbai18,60,000

list of MBA colleges in Mumbai including Top MBA colleges with Entrance exam is given below in the article

Business schools in mumbai In Navi Mumbai, there are nearly Top 20 MBA Colleges that provide full-time MBA programs. Approximately 91.7 percent of the top MBA institutions in Navi Mumbai are private, with the remaining 8.3 percent being public/government.

List of government MBA colleges in mumbai with fees structure

MBA is the most prestigious and lucrative degree being offered in India. Admission to the course is carried out by various Entrance Exams and exams are structured so as to access the ability of the candidates.

Get the list of the best 50 private / government MBA colleges in India based on placement, Academic excellence, Infrastructure, education, faculty, intellectual capital, and so on.

Here is the list of top colleges of government for MBA applicants. These are the prestigious colleges in India. Since MBA is one of the most coveted courses in India, return on investment always remains a big attraction and proves to be substantial. Though MBA gives you a launchpad in the corporate world the price paid for it sometimes might not suit your pocket. Here are some top-tier 1 Government MBA colleges that provide the best ROI in the country.

MBA Government colleges in Mumbai offer top-quality MBA advice with high-game strategies for growing and sustaining within the business world. MBA has consistently been referred to like a saw, bringing the possibility of stopping the ladder of climbing to the top of the corporate ladder. It is regarded as unique among other major decisions made by the students of the board after graduation.

If you’re looking to have greater flexibility following the completion of your degree and are hoping to acquire abilities that employers will appreciate seeking your MBA degree will be the best choice. It provides the skills that you can use to fill the role of a manager or enter the market or simply grow in your career. In this blog, we’ll discuss everything you need to be aware of when pursuing an MBA at a government college!

Name of the collegeMBA Fees
Sydenham Institute of Management Studies and Research and Entrepreneurship Education (SIMSREE)INR 1,34,000
Jamnalal Bajaj Institute of Management Studies (JBIMS)INR 1,02,290
Veermata Jijabai Technological Institute [VJTI]INR 3,00,000 to INR 4,00,000
National Institute of Industrial Engineering (NIIE)INR 13,43,000
IMU Mumbai Port CampusINR 2,20,000
Shailesh J. Mehta School of Management (SJMSOMINR 8,27,000
Shreemati Nathibai Damodar Thackersey [SNDT] Women's UniversityINR 1,02,000

Frequently Asked Questions

1. Which is best MBA college in Mumbai?

Ans. Top MBA Colleges in Mumbai: India Today Ranking

College NameIndia Today Ranking 2022
SP Jain Institute of Management and Research (SPJIMR)4
Narsee Monjee Institute of Management Studies (NMIMS)9
National Institute of Industrial Engineering (NITIE)11
K J Somaiya Institute of Management Studies and Research (KJ SIMSR)25

2. Which colleges provide MBA in Mumbai?

Ans. List of top public MBA colleges in Mumbai

Institute NameFees (In Rs lakhs)
NMIMS Mumbai: School of Business Management, Narsee Monjee Institute of Management Studies - SBM19.76
NITIE Mumbai: National Institute of Industrial Engineering12.58
JBIMS Mumbai: Jamnalal Bajaj Institute of Management Studies6

3. Is MBA in Mumbai Good?

Ans. Indeed, Mumbai is one of India’s leading MBA destination. Based on reputed Rankings, the Top 5 MBA colleges in Mumbai are JBIMS Mumbai, SPJIMR Mumbai, NMIMS Mumbai, K J Somaiya Mumbai, and NITIE Mumbai.

4. Does an MBA guarantee a good job?

Ans. An MBA might help in getting a job interview, but it will not guarantee the applicant will land that job. On the other hand, people with work experience looking to give their career a boost can open avenues for growth and promotion with a part-time or EMBA program. Graduating with an MBA can earn you a higher salary.

5. Which MBA has the highest salary in India?

Ans. Gurgoan is the highest paying market with an average salary of Rs 750,000. Bangalore follows up with Rs 730,000. In Mumbai, an MBA gets Rs 732,000, while in Delhi, around Rs 690,000 is given.

6. Which college is better for MBA in Mumbai? 

Ans. SPIJMR and NMIMS are better for MBA in Mumbai

7. Which is the No 1 college in Mumbai? 

Ans. St. Xavier’s College is the No 1 college in Mumbai. 

8. Which College in Mumbai has the best Campus?

Ans.  St. Xavier’s College and Sophia College have the best Campus in Mumbai. 

9. Which is the largest college in Mumbai? 

Ans. The University of Mumbai or Mumbai University is the largest college in Mumbai. 

10.Which is better SK or KJ? 

Ans. KJ Somaiya is better than SK Somaiyam.

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